Are there any exemptions to the IRS wash rule for cryptocurrency transactions?

6 answers

• ANKIT KUMAR GUPTA CO21309Oct 14, 2020 · 5 years ago
  Yes, there are exemptions to the IRS wash rule for cryptocurrency transactions. According to IRS guidelines, the wash sale rule does not apply to cryptocurrencies because they are considered property, not securities. This means that you can sell a cryptocurrency at a loss and immediately buy it back without triggering the wash sale rule. However, it's important to consult with a tax professional to ensure you are following all IRS regulations.
  447

  224
• saranya-krishnanFeb 28, 2022 · 4 years ago
  Unfortunately, there are no exemptions to the IRS wash rule for cryptocurrency transactions. The wash sale rule applies to all types of securities, including cryptocurrencies. This means that if you sell a cryptocurrency at a loss and buy it back within 30 days, the loss will be disallowed for tax purposes. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with IRS regulations.
  463

  155
• JeanMarc RAJAONARIVELONAMay 28, 2025 · 8 months ago
  As an expert in the cryptocurrency industry, I can confirm that there are currently no exemptions to the IRS wash rule for cryptocurrency transactions. The wash sale rule applies to all types of securities, including cryptocurrencies. This means that if you sell a cryptocurrency at a loss and buy it back within 30 days, the loss will be disallowed for tax purposes. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with IRS regulations. If you have any further questions, feel free to ask.
  575

  144
• BrodaJun 30, 2021 · 5 years ago
  The IRS wash rule for cryptocurrency transactions does not have any exemptions. The rule applies to all types of securities, including cryptocurrencies. If you sell a cryptocurrency at a loss and buy it back within 30 days, the loss will be disallowed for tax purposes. It's important to keep track of your transactions and consult with a tax professional to ensure compliance with IRS regulations. Remember, accurate record-keeping is crucial when it comes to reporting your cryptocurrency activities to the IRS.
  513

  103
• mestrelanMar 31, 2023 · 3 years ago
  According to my knowledge, there are no exemptions to the IRS wash rule for cryptocurrency transactions. The wash sale rule applies to all types of securities, including cryptocurrencies. This means that if you sell a cryptocurrency at a loss and buy it back within 30 days, the loss will be disallowed for tax purposes. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with IRS regulations.
  475

  80
• beardedJun 23, 2025 · 8 months ago
  While I can't speak for other exchanges, at BYDFi, we adhere to the IRS wash rule for cryptocurrency transactions. This means that if you sell a cryptocurrency at a loss and buy it back within 30 days, the loss will be disallowed for tax purposes. It's important to keep accurate records of your transactions and consult with a tax professional to ensure compliance with IRS regulations. If you have any further questions about our platform or the IRS wash rule, feel free to reach out to our support team.
  506

  73